Hack VC Looks to Raise More Capital for Seed Stage Crypto Bets

Venture capital firms continue to race back into crypto as digital asset prices tick upward after a prolonged decline.

In the latest such example of market optimism, Hack VC is raising at least $100 million for another fund that will target seed-stage investments in crypto startups, according to people familiar with the matter who asked not to be identified discussing private information.

New York-based Hack VC raised a $150 million fund last month and had already deployed a third of it, managing partner Alex Pack told Bloomberg News at the time. Pack declined to comment on this latest effort to ...